Case Law

摘要

The case involved a challenge by the applicant company (Holcim) against a decision of the General Court (Case T-317/12, EU:T:2014:782). Holcim is a trans-national company which manufactures a variety of construction-based products including cement, aggregates, asphalt and ready-mixed concrete.The context of the case is set in the UN Framework Convention on Climate Change (UNFCCC) and its implementing measures, which were essentially concerned with emissions trading established under a number of EU law provisions. Holcim's Romanian subsidiary had emission allowance accounts registered at the Romanian registry. In November 2010, one million allowances belonging to it were allegedly unlawfully transferred to an account in Italy and 600,000 allowances transferred to Liechtenstein.The stolen allowances - which at the time of the action before the General Court had not been recovered - were valued by Holcim in the region of €15 million.